Are of two kinds. First — Such as yield to the superior
state at once a monopoly of their useful productions, and a market for its
superfluities. These, by exciting and employing industry, might be a source of
beneficial riches, if an unfavorable balance were not created by the charge of
keeping such possessions. The West Indies are an example. Second
— those, which, though yielding also a monopoly and a market, are
principally lucrative, by means of the wealth which they heap on individuals,
who transport and dissipate it within the superior state. This wealth is not
only like the former, overbalanced by the cost of maintaining its sources, but
resembles that drawn, not from industry, but from mines, and is productive of
similar effects. The East-Indies are an example.

All dependent countries are to the superior state, not in the relation
of children and parent, according to the common phrase, but in that of slave
and master, and have a like influence on character. By rendering the labour of
the one, the property of the other, they cherish pride, luxury, and vanity on
one side; on the other, vice and servility, or hatred and revolt.